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Apollo and Athene complete acquisition of parts of PK AirFinance

Apollo Global Management and Athene Holding have closed their acquisition of aviation lending business PK AirFinance from GECAS, GE Capital’s aviation services unit. 13 December 2019

News

Five Argo board members to step down

Five members of Argo Group’s board will retire at the 2020 annual general meeting of shareholders (AGM), with the AGM also brought forward to “as early as March,” having been originally scheduled for May. 13 December 2019

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Convex, Convex Re awarded A- ratings from S&P

Bermuda-based Convex Re and UK-based Convex Insurance have both been awarded financial strength ratings of A- with a stable outlook from S&P Global Ratings. 12 December 2019

Life

AXA XL strengthens environmental underwriting team in New York

AXA XL has hired Odette Novoa and Erica Delaney as senior underwriters in its environmental insurance team in New York. 12 December 2019

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AXA XL and Slice enhance Microsoft’s cyber coverage

AXA XL has partnered with Slice Labs, the on-demand insurance cloud technology provider, and Microsoft, to improve cyber health and mitigate risks for some Microsoft customers. 12 December 2019

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Chubb urges US Congress to pass USMCA

Chubb has urged the US Congress to pass the United States-Mexico-Canada Agreement (USMCA), which it said “will preserve and enhance the important trading relationships that underlie prosperity and the free flow of goods and services across North America.” 12 December 2019

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Monument Re acquires Cattolica Life

Monument Re has acquired Cattolica Life DAC, an Irish life insurer, from Cattolica Assicurazioni, the Italian insurer listed on the Milan Stock Exchange. 11 December 2019

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NAIC grants Bermuda reciprocal jurisdiction status

The National Association of Insurance Commissioners (NAIC) has granted Bermuda reciprocal jurisdiction status, effective January 1, 2020. 11 December 2019

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Tremor expects to triple its volume in 2020

Tremor, the programmatic marketplace for re/insurance risk transfer, is predicting it will triple its volume in 2020, having now exceeded $2 billion in reinsurer quotes. 10 December 2019

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AXIS appoints new board member with two set to retire next year

AXIS Capital Holdings has appointed Anne Melissa Dowling to its board of directors, effective January 1, 2020. Dowling will serve as a member of the audit, corporate governance and nominating, and finance committees. 10 December 2019

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